Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jul. 01, 2017
Dec. 31, 2016
Jul. 02, 2016
Current Assets      
Cash and Cash Equivalents, at Cost, Which Approximates Fair Value $ 437.2 $ 422.4 $ 492.8
Restricted Cash 10.7 11.2 12.7
Short-Term Investments in Marketable Securities 0.8 35.8 0.5
Total Cash and Short-Term Investments in Marketable Securities 448.7 469.4 506.0
Accounts and Notes Receivable, less Allowances of $10.2, $12.8 and $14.5 524.6 417.3 482.1
Inventories      
Finished Goods 489.4 502.7 455.0
Work-In-Process 106.3 91.1 94.9
Raw Materials 173.6 168.3 156.9
Net Inventories 769.3 762.1 706.8
Prepaid Expenses and Other 35.2 39.7 38.0
Current Assets 1,777.8 1,688.5 1,732.9
Property      
Land 26.9 24.3 23.2
Buildings and Improvements 398.6 406.4 387.5
Equipment 1,001.4 979.2 931.4
Total Land, Buildings and Improvements and Equipment 1,426.9 1,409.9 1,342.1
Accumulated Depreciation (885.4) (892.3) (881.0)
Net Land, Buildings and Improvements and Equipment 541.5 517.6 461.1
Unamortized Product Tooling Costs 140.7 127.7 111.5
Net Property 682.2 645.3 572.6
Other Assets      
Goodwill 417.6 413.8 393.1
Other Intangibles, net 161.7 164.8 135.0
Equity Investments 22.5 20.7 26.0
Deferred Income Tax Asset 272.8 307.8 334.6
Other Long-Term Assets 49.1 43.8 49.4
Other Assets 923.7 950.9 938.1
Total Assets 3,383.7 3,284.7 3,243.6
Current Liabilities      
Current Maturities of Long-Term Debt 5.8 5.9 4.7
Accounts Payable 393.8 392.7 366.3
Accrued Expenses 586.2 566.3 559.6
Current Liabilities 985.8 964.9 930.6
Long-Term Liabilities      
Debt 438.2 436.5 447.9
Postretirement Benefits 233.7 276.3 308.7
Other 178.2 166.9 168.2
Long-Term Liabilities 850.1 879.7 924.8
Shareholders' equity      
Common Stock; Authorized: 200,000,000 Shares, $0.75 Par Value; Issued: 102,538,000 Shares; Outstanding: 88,776,000, 89,317,000 and 90,315,000 Shares 76.9 76.9 76.9
Additional Paid-In Capital 365.9 382.0 385.6
Retained Earnings 2,035.9 1,881.0 1,806.2
Treasury Stock, at Cost: 13,762,000, 13,221,000, and 12,223,000 Shares (507.2) (465.2) (417.2)
Accumulated Other Comprehensive Loss, Net of Tax (423.7) (434.6) (463.3)
Shareholders' Equity 1,547.8 1,440.1 1,388.2
Total Liabilities and Shareholders' Equity $ 3,383.7 $ 3,284.7 $ 3,243.6